Announcement PDF ASX Announcement 21 October 2026 PROPOSED CONSOLIDATION OF SHARE CAPITAL MELBOURNE, Australia – Parkway Corporate Limited (Parkway or the Company) (ASX: PWN, FSE: 4IP) is pleased to advise that the Board will seek shareholder approval at the Company’s Annual General Meeting (AGM) on 25 November 2026 to consolidate the issued share capital of the Company on a 100 to 1 basis (Consolidation). Under the Consolidation, every one hundred (100) existing fully paid ordinary shares in the Company will be converted into one (1) fully paid ordinary share. Alongside its strong financial performance, including FY26 revenue of $19.9 million (31% higher than FY25) Parkway is expanding its role as a developer of innovative, technology-based industrial wastewater treatment solutions. As Parkway continues to grow, effective engagement with industry and the investment community is increasingly important. The Company currently has 2,776,410,555 shares on issue. Despite the strong growth of Parkway in recent years, this is a relatively large number of shares to have on issue and in the assessment of the Board subjects the Company to several significant disadvantages. The decision to propose a share Consolidation has been informed by consistent feedback from major shareholders of the Company, particularly international shareholders, as well as prospective institutional investors considering investment in the Company. The proposed Consolidation is expected to result in: ▪ Simplified capital structure with reduced trading inefficiencies. ▪ More appropriate capital structure that is aligned with comparable ASX-listed companies. ▪ Share price that is more attractive to a wider range of investors, particularly institutional and international investors. ▪ Improved market perception. If the Consolidation is approved, following completion the Company anticipates that it will have approximately 27,764,106 Shares on issue (subject to the effects of rounding). As the Consolidation applies equally to all Shareholders, individual holdings will be reduced in the same ratio as the total number of Shares (subject to rounding), therefore the Consolidation will have no material effect on the percentage interest of each individual shareholding in the Company. If the Consolidation is approved, then in accordance with ASX Listing Rules 7.21 and 7.22, all Options and Performance Rights currently on issue by the Company will be consolidated in the same ratio as the Shares, and the exercise price of Options will be amended in the inverse proportion to that ratio. The Parkway Board unanimously recommends that shareholders vote in favour of the proposed Consolidation. www.pwnps.com 21 OCTOBER 2026 | ASX ANNOUNCEMENT | 2 Proposed Timeline If approved by shareholders, the Consolidation is expected to be implemented in accordance with the following indicative timetable: ACTION DATE Company announces Consolidation and releases Appendix 3A.3 21 October 2026 Company sends out the Notice 21 October 2026 Company announces Effective Date of Consolidation 21 October 2026 Shareholders approve the Consolidation 25 November 2026 Effective Date of Consolidation 25 November 2026 Last day for pre-Consolidation trading 26 November 2026 Post-Consolidation trading commences on a deferred settlement basis 27 November 2026 Record Date and last day for the Company to register transfers on a pre- Consolidation basis 30 November 2026 First day for the Company to update its register and send holding statements to security holders reflecting the change in the number of Securities they hold 1 December 2026 Last day for the Company to update its register and to send holding statements to security holders reflecting the change in the number of Securities they hold and to notify ASX that this has occurred 7 December 2026 The above timetable is indicative only and the Board reserves the right to vary the timetable subject to compliance with the Listing Rules and all other applicable laws. For further details of the proposed Consolidation, please refer to the Notice of Meeting for the 2026 AGM and Appendix 3A.3 lodged with ASX today. The release of this announcement has been approved by Parkway’s Group Managing Director & CEO, Bahay Ozcakmak, on behalf of the board of directors of the Company. ADDITIONAL INFORMATION For further information or investor enquiries, please contact: Bahay Ozcakmak General Enquiries Group Managing Director & CEO 1300 7275929 solutions@pwnps.com 1300 PARKWAY www.pwnps.com 21 OCTOBER 2026 | ASX ANNOUNCEMENT | 3 PARKWAY INVESTOR HUB To stay up to date with the latest news, access additional investor related resources including research reports and interact with Parkway by posting questions and feedback through a Q&A function, we encourage investors to sign- up to the Parkway Investor Hub. How to sign-up to the Parkway Investor Hub 1. navigate to https://investorhub.pwnps.com/welcome 2. follow the prompts to sign up for an Investor Hub account. 3. complete your account profile. or Scan QR Code to visit the Parkway Investor Hub. ABOUT PARKWAY CORPORATE LIMITED Parkway is a leading Australian water & wastewater treatment and process technology company. Parkway is focused on the commercialisation of a portfolio of innovative process technologies in key industrial markets, as Parkway believes this is an important and effective strategy for addressing various global water related sustainability challenges. In recent years, Parkway has made significant investments in groundbreaking research and development (R&D) related activities, including in the acquisition, development, validation and optimisation of a comprehensive portfolio of cutting-edge industrial water treatment related process technologies. In support of Parkway’s accelerated technology commercialisation strategy, Parkway primarily operates through two strategically integrated capacities: ▪ Industrial Operations business division is focused on the provision of conventional water and wastewater treatment related products & services, including fabrication as well as project delivery related services including installation, for a broad range of predominantly commercial, municipal and industrial clients. ▪ Process Technologies business division is primarily focused on innovative process technology related R&D, including process screening, evaluation, optimisation and piloting, as well as a range of technology commercialisation related activities. Integrated Capabilities Parkway has assembled a fully integrated inhouse project delivery capability, including for the innovative process technologies being developed and commercialised by Parkway. Additional information regarding Parkway, including an overview of the corporate structure of Parkway and the companies in its corporate group, can be found at: www.pwnps.com FORWARD-LOOKING STATEMENTS This announcement may contain certain “forward-looking statements”. The words “continue”, “expect”, “forecast”, “potential” and other similar expressions are intended to identify “forward-looking statements”. Indications of (and any guidance on) future earnings, financial position, capex requirements and performance are also “forward- looking statements”, as are statements regarding internal management estimates and assessments of market outlook. Where Parkway expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, “forward-looking statements” are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Parkway, its officers, employees, agents and advisors, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. There are usually differences between forecast and actual results, because events and actual circumstances frequently do not occur as forecast and their differences may be material. Parkway does not undertake any obligation to publicly release any revisions to any "forward-looking statements" to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under the applicable securities laws.